J.P. Morgan Maintains a Hold Rating on SunPower (SPWR)


J.P. Morgan analyst Mark Strouse maintained a Hold rating on SunPower (SPWR) today and set a price target of $10.00. The company’s shares closed last Monday at $5.65, close to its 52-week low of $4.03.

According to TipRanks.com, Strouse is a 4-star analyst with an average return of 10.9% and a 53.1% success rate. Strouse covers the Consumer Goods sector, focusing on stocks such as Axon Enterprise, Enphase Energy, and iRobot.

The word on The Street in general, suggests a Hold analyst consensus rating for SunPower with a $9.80 average price target, representing a 60.7% upside. In a report issued on March 25, Oppenheimer also maintained a Hold rating on the stock.

See today’s analyst top recommended stocks >>

The company has a one-year high of $16.04 and a one-year low of $4.03. Currently, SunPower has an average volume of 4.61M.

Based on the recent corporate insider activity of 55 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of SPWR in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

SunPower Corp. engages in the design, manufacture and deliver of solar panels and systems. It operates through the SunPower Energy Services and SunPower Technologies segments: The SunPower Energy Services Segment deals with the sales of solar energy solutions in the North America region including direct sales of turn-key engineering, procurement and construction. The SunPower Technologies Segment involves technology development, worldwide solar panel manufacturing operations, equipment supply to resellers, commercial and residential end-customers outside of North America. The company was founded by Thomas L. Dinwoodie, Robert Lorenzini and Richard M. Swanson in April 1985 and is headquartered in San Jose, CA.

Stay Ahead of Everyone Else

Get The Latest Stock News Alerts